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Why is it sometimes so difficult to find insurance for short-term rental properties?

April 26, 2017difficult Insurance properties rental short-term

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Why is it sometimes so difficult to find insurance for short-term rental properties?

1 Answer

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Vacation rentals do not really fit into any of the standard insurance categories. They are not primary residences, they are not second homes, and they are not just real estate investments. Most insurance policies are designed to cover owner-occupied properties or second homes that will be used by the family only or rented to year-long tenants. Since vacation rentals are rented monthly, weekly, or even just nightly, they don’t quite fit into the preset insurance categories.